Reuters UK | How Russia was warned against oil output cut as prices dived Reuters UK Speculation was rife that Russia and the oil exporters' cartel might strike a production deal to arrest the slide when Energy Minister Alexander Novak met his Saudi Arabian counterpart last November. However, the think tank had already advised Novak ... OPEC Likely To Keep Saudi Policy Of High Oil Output To Battle US Shale Threat The next fracking boom could be in Saudi Arabia Iraq to increase oil export to new record high, price war intensifies -media |